Apple posts impressive Q2 earnings: Revenue hits $94.8 billion

  • 📰 BGR
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Apple earlier today posted its earnings report for the recent March quarter. And when the dust settled, Apple posted revenue of $94.8 billion and earnings …

If you buy through links on BGR, we may receive an affiliate commission.Apple earlier today posted its earnings report for the recent March quarter. And when the dust settled, Apple posted revenue of $94.8 billion and earnings of $1.52 per share. As a point of comparison, Apple during the same quarter last year posted revenue of $97.28 billion and earnings of $1.52 per share. Profit-wise, Apple for the quarter took home $24.16 billion, a slight decline from the $25.

As has been the case for a few years now, Apple doesn’t release specific sales figures across its product line. Still, the company does provide us with how much revenue each of its products generates every quarter. This compares to $50.5 billion in iPhone-based revenue during the year-ago quarter. Analysts, meanwhile, were predicting that iPhone revenue would fall somewhere in the $48.9 billion range.

All told, Apple’s Q2 2023 earnings report wasn’t as strong as its Q2 earnings last year. Still, the company generated more revenue across its product line than many analysts were expecting.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 234. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple Beats Targets as Quarterly Sales Drop 3%, Services Revenue Hits Record $20.9 BillionApple’s revenue declined again in the March 2023 quarter, marking its second consecutive quarterly drop in sales. But the tech giant topped Wall Street forecasts, with its services business h…
Source: Variety - 🏆 108. / 63 Read more »

CVS Posts Higher Revenue as It Closes AcquisitionsCVS earnings for the first quarter provided the first look at the prospects and challenges confronting the healthcare company as it takes on a bigger role in treating patients
Source: WSJhealth - 🏆 413. / 53 Read more »

AMD revenue drops 9% as PC chip sales decline sharplyAMD's report comes as the PC industry is in a deep slump, with shipments dropping 30% in the first quarter, according to IDC.
Source: CNBC - 🏆 12. / 72 Read more »